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revanthchalamalasetty
Dec 19, 2020 8:43 PM

Gold Looking good for both long term and short term Long

GOLD (US$/OZ)TVC

Description

Gold after a top in 2011, fell sharply and bottomed out in 2016. It traded in a range from 2013-2019 and broke out in the second half of 2019 started a trending move upwards. Though it fell sharply during the covid crash, it started moving up immediately showing strength but got a little overstretched and retraced 50% from the March low to the high. Now the price seems to come back into the channel. This is the right time to enter partially with a stop just below the recent low. Can add more after a proper breakout above the recent swing high.

Trade active

continuing to accumulate
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